“Don brings a lifetime of banking experience to FirstCapital and First Bancshares, with a vast and practical knowledge in running complex organizations,” Burgess said in a press release. “As the banking industry undergoes unprecedented change at an accelerating pace, Don’s wisdom and steady hand will provide the guidance we need to serve our customers. I am excited to welcome him to our team.”

Among Cosby’s efforts in the banking industry has been overseeing the acquisitions of other banks. At Carlile Bancshares, which he co-founded, Cosby acquired six commercial banks and a mortgage warehouse company. He co-founded State National Bancshares in Lubbock and acquired nine banks.

In June, FirstCapital expanded by acquiring an Independent Bank branch in Marble Falls. The acquisition has a planned completion date of Sept. 1.

From 1989 to 1996, Cosby was chief financial officer at Texas Tech University.

FirstCapital currently has branches in Midland, Lubbock, Amarillo and Horseshoe Bay.